Hess announces multi-billion oil exploration warchest

Hess Corporation
Tug boats transport the Hess Corp. Stampede tension leg oil platform, towed from Kiewit Offshore Services Ltd., past Port Aransas, Texas, U.S., on Friday, May 5, 2017. The Stampede deepwater oil and gas field is one of the largest undeveloped fields in the Gulf of Mexico, sitting 115 miles south of Fourchon, Louisiana. Photographer: Eddie Seal/Bloomberg via Getty Images